Key takeaways USDJPY remains in focus ahead of key meetings of the Federal Reserve and the Bank of Japan. On Tuesday, October 27, the pair is trading around 158 as investors prepare for decisions that could shape its direction over the coming weeks. Markets are not currently expecting an interest rate hike from either the […]
The AUD/JPY cross trades in positive territory around 110.75 during the early European trading hours on Tuesday. Hawkish tone from the Reserve Bank of Australia (RBA) provides some support to the Australian Dollar (AUD) against the Japanese Yen (JPY). Australia’s September inflation data will be the highlight later on Wednesday. On Friday, the Bank of […]
EUR/JPY remains stronger for the second successive day, trading around 176.20 during Asian hours on Tuesday. Based on the technical analysis of the daily chart’s descending channel pattern, the currency cross maintains a clear bearish bias. The EUR/JPY cross is maintaining a bearish bias as it holds beneath both the nine- and 50-day Exponential Moving […]
The Japanese yen has weakened beyond 157.5 per US dollar, extending its losses as renewed enthusiasm for artificial intelligence investments draws attention back towards risk-sensitive assets. The move reverses most of the yen’s safe-haven gains from the previous week, while investors prepare for the Bank of Japan’s latest monetary policy decision. The reported IPO filing […]
The AUD/JPY cross trades in negative territory around 110.35 during the early European session on Monday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) as hawkish language may reinforce expectations that the Bank of Japan (BoJ) will raise interest rates this year. The majority of economists polled by Reuters expect a rate hold […]
The Japanese yen is trading around ¥156.7 per US dollar, remaining near five-week highs as investors prepare for the Bank of Japan’s latest policy meeting. Markets broadly expect the central bank to keep interest rates unchanged in the near term, while persistent inflationary pressures are sustaining expectations of a potential rate increase in December. With […]
Global Markets Outlook: Fed, ECB and Bank of Japan Decisions Collide With GDP, Inflation and Big Tech Earnings Global financial markets are entering a pivotal week as investors confront a concentrated series of central bank decisions, major economic releases and corporate earnings. The previous week was challenging for bullish investors, with a sharp equity-market sell-off […]
Market: GBP/JPYDirection: LongCurrent Market Price: 210.053Technical Bias: Bullish, subject to confirmation Trade Setup Trade Parameter Level Trade Direction Buy / Long Reference Market Price 210.053 Target 1 210.950 Target 2 211.830 Stop Loss 209.300 Key Support Zone 209.550–209.420 Technical Analysis GBP/JPY remains on watch for a potential bullish continuation following its previous rebound from the […]
The Indian rupee is leading currency losses in the latest foreign-exchange market update, falling 0.47%, while the Japanese yen declines 0.10% and the British pound slips 0.09%. The euro and US Dollar Index remain little changed, highlighting a mixed session across major currency markets. The rupee’s sharper decline places the Indian currency under greater pressure […]
EUR/JPY loses ground for the second successive day, trading around 177.50 during Asian hours on Thursday. Technical analysis of the daily chart shows the currency cross remains within a descending channel pattern, suggesting an ongoing bearish bias. The EUR/JPY cross is maintaining a bearish near-term tone as it holds below both the nine- and 50-period […]